(04-16-2020, 07:54 PM)eppie Wrote: There is a lot of bad stuf happening.....and wait what will come when we hit recession....this is going to be worse than the previous one.
Indeed. Word has it in the US, social distancing is here to stay through the end of the year and up to sometime mid-2022 once 'stay-at-home' is lifted. This will impact just about everything not automated or done strictly online. Many stores will shutter from this. Either people will have to invent new directions/trends for the market to create new jobs (I see an explosion of online stores and working from home), or we will get hit hard by recession.
What's scary is looking at the current numbers for unemployment and housing prices, we're already pretty much at Depression levels minus the years of recession, at least here in the US. Will be a challenging climb.
Anyway, getting back to the social distancing, if we've learned anything from China about this, they are currently experiencing a second wave of resurgence with COVID. This means with absolute certainty Social Distancing is here to stay for a very, very long time until a vaccine is developed
. Which of course (bringing it round another circle) means less employed, longer recession, etc.
"The true value of a human being is determined primarily by the measure and the sense in which he has attained liberation from the self." -Albert Einsetin